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Does DiMi Telematics International, Inc. (OTCBB: DIMI) Have a Future as a M2M Communications Solutions Provider?

Posted on July 18, 2012 by OTC Equity

Trading activity in DiMi Telematics, International, Inc. (OTCBB: DIMI) has shot through the roof on Wednesday with more than 17.6 million shares moving hands during the first couple hours of the day's sessions. The volume comes as DIMI's share price collapses, falling from a Monday opening of 1.10 down to a low of 0.0322 on Wednesday, a catastrophic fall that obviously spells big trouble for the company which designs, develops and distributes Machine-to-Machine (M2M) communications solutions used to remotely track, monitor, manage and protect multiple mobile and fixed assets in real-time from virtually any web-enabled desktop computer or mobile device. On Monday DIMI filed their Form 10-Q which did little to bolster investor confidence; in fact it likely triggered the massive decline in share price that followed. DIMI goes into detail about their plan of operations in th...

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